303 W Morgan StGreenvilleSC29611
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Greenville at 303 W Morgan St, Greenville, SC, 29611 uses $142,214 cash to close to unlock $6,372/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $3,085/mo, and a $2,100/mo payment keeps the spread at $531/mo. Purchase price stands at $429,000, and rental yield measures 8.63% with $3,085/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 126.55% and total cumulative return in cash records $179,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,085/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29611, Greenville, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,930 (100%) |
| Owner Occupied HU | 7,523 (50.4%) |
| Renter Occupied HU | 5,856 (39.2%) |
| Vacant Housing Units | 1,551 (10.4%) |
| Median Home Value | $208,785 |
| Average Home Value | $270,819 |
Housing Distribution
Address Breakdown
Residential
13,167
Single Family
11,909
Multi-Family
1,258
Businesses
1,052
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Listed by: Sandra Thomas • Realty One Group Freedom
Mls Name: Greater Greenville AOR
Mls ID: #1573233